Issad Rebrab

About Issad Rebrab

Birth Day: May 27, 1944
Birth Place: Algiers, Algeria, Algeria
Birth Sign: Gemini
Residence: Algiers, Algeria
Occupation: Businessman
Known for: CEO of CEVITAL
Children: 5
Website: www.cevital.com

Issad Rebrab Net Worth

Issad Rebrab was bornon May 27, 1944 in Algiers, Algeria, Algeria. Issad Rebrab is the founder and CEO of Cevital, Algeria's biggest privately-held company. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. Cevital has been buying European companies in distress, such as Groupe Brandt, a French maker of home appliances, and an Italian steel mill. Rebrab has plans to build a steel mill in Brazil to produce train tracks and improve transportation logistics for sugar, corn and soy flour exports. His five children work at Cevital.
Issad Rebrab is a member of Food and Beverage

💰 Net worth: $4 Billion (Updated at 22 June 2018)

2014 $3.2 Billion
2015 $3.1 Billion
2016 $3.1 Billion
2017 $3.1 Billion
2018 $4.08 Billion

Famous Quotes:

We [Algerians] have great potential; we can make up for lost time.

Biography/Timeline

1971

His industrial career started in 1971, when one of his clients proposed he take shares in a metallurgical construction company. He took 20% of the shares in Sotecom. After that, he created other companies in the steel industry: Profilor in 1975 and Metal Sider in 1988.

1995

In 1995, his main installations were destroyed in a terrorist attack. After he recognized the risks of staying, Rebrab decided to leave Algeria. He came back in 1998 with Cevital, the biggest group in agricultural Business, which later became the largest private Algerian company. Cevital owns one of the largest sugar refineries in the world.

2016

In 2016, Rebrab acquired El Khabar media group, for $45 million. This was his second investment into media, as he already owns the French-Algerian daily paper Liberte.

2017

According to Bloomberg, Rebrab is the ninth richest person in Africa, with an estimated net worth of US$4.31 billion, as of June 2017.