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

Algeria court halts billionaire Rebrab's media purchase

An Algerian court on Wednesday halted a bid by billionaire Issad Rebrab, the country's richest entrepreneur, to buy a media group that has been critical of President Abdelaziz Bouteflika. Rebrab's $45 million (40 million euro) purchase of the El Khabar ...
Posted: June 15, 2016, 5:32 pm

INTERVIEW-Algeria's Cevital plans $7 bln aluminium plant

Issad Rebrab said the project was part of the family-owned firm’s expansion strategy in Algeria, which is trying to develop domestic industry and reduce its reliance on oil and gas exports. “We have submitted details of the project to the authorities.
Posted: December 2, 2010, 4:00 pm

Independent Algerian paper faces closure threat

El Khabar's income plunged after the government move, so it sold a majority stake to food industry magnate Issad Rebrab. The Communications Ministry alleged the deal was illegal for technical reasons. An Algiers commercial court held a hearing Wednesday on ...
Posted: May 4, 2016, 1:35 pm
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