Issad Rebrab Net Worth is
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Issad Rebrab, born at Tagumount-Azzouz village in Kabylie, in 1944, is an Algerian entrepreneur and CEO of CEVITAL industrial group. It is the biggest private company in Algeria employing thousands of people in different domains: steel industry, food, agribusiness, electrotics.
According to the Forbes 2013 list of billionaires, Rebrab is the 8th richest person in Africa, with an estimated net worth of US$3.2 billion.
After graduating from a professional school, Issad Rebrab taught accountability and commercial law. But he leaved teaching very quickly and started his own accountability firm.
His industrial adventure started in 1971, when one of his clients proposed to him to take shares in a metallurgical construction company. He jumped at the chance and took 20% of shares of a??Sotecoma??. It was the first step of his success story. After that, he created other companies in steel industry: a??Profilora?? in 1975 and a??Metal Sidera?? in 1988.
In 1995, his main installations were destroyed in a terrorist attack. Feeling in danger, he was forced to leave Algeria. But he came back in 1998 with Cevital, the biggest group in agribusiness, which will became later the largest private Algerian company.

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Issad Rebrab Latest News

Algerian media faces 'hostile environment'

This week, an Algerian appeals court cancelled the planned sale of El Khabar to Algerian businessman Issad Rebrab, upholding a lower-court verdict. The Algerian government had opposed the sale, saying it violated the country's anti-monopoly law.
Posted: July 15, 2016, 1:56 am

Algeria's Cevital to increase raw sugar imports

Algerian food processor Cevital expects to increase raw sugar imports this year to 1.6 million tonnes to allow ... Cevital CEO and owner Issad Rebrab told Reuters in an interview on Saturday. We are planning to export 800,000 tonnes of white sugar this ...
Posted: January 29, 2011, 8:48 am

Independent Algerian paper faces closure threat

Ads by state-run companies make up the vast majority of Algerian ad revenues. The paper's income plunged, so it sold a majority stake to food industry magnate Issad Rebrab. The Communications Ministry alleged the deal was illegal for technical reasons ...
Posted: May 3, 2016, 9:49 pm
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