Issad Rebrab Net Worth
Issad Rebrab possess a net worth of about $2.5 billion. The 80 year old entrepreneur, hailing from Algeria, established the renowned company Cevital and held the position of CEO for over five decades.
In a significant move, he appointed his son, Malik, as the CEO in July 2022. This succession marks a noteworthy transition in leadership within the family-owned business empire.
Who is Issad Rebrab?
Issad Rebrab is a name synonymous with innovation and industrial growth in Algeria, has carved an impressive path in the world of business.
Issad Rebrab is the CEO and founder of Cevital who happens to ba the Algeria’s largest privately-owned conglomerate, Rebrab has played a pivotal role in transforming the country’s economy.
His business interests span across steel, agribusiness, food processing, and electronics, cementing his status as one of Africa’s wealthiest and most influential figures.
In this section, we explore the inspiring journey of Issad Rebrab, delving into his net worth, career milestones, and personal life to uncover the man behind Algeria’s leading industrial empire.
Issad Rebrand Wiki
Born Date: May 27, 1944
Place Of Birth: Tagumount-Azzouz village, Tizi Ouzou, Algeria
Occupation: Businessman
Fame As: CEO of Cevital
Children: 5
Website: www.cevital.com
Issad Rebrab Bio
Issad Rebrab was born in 1944, is an Algerian billionaire businessman and the CEO of the Cevital industrial group.
Cevital known to be the largest private company in Algeria, operating across diverse sectors including steel, food, agribusiness, and electronics.
However, In 2019 Rebrab faced legal challenges when he was sentenced to six months for offenses related to tax, banking, and customs.
Despite this legal setback, his role as a prominent figure in Algeria’s industrial landscape remains significant.
Issad Rebrab Early life
Following his graduation from a professional school, Rebrab initially entered the field of education, where he taught accounting and commercial law.
However, his career took a turn when he decided to leave the teaching profession and venture into entrepreneurship.
Subsequently, he founded his own accounting firm, marking the beginning of his journey as a business professional.
Issad Rebrab Age
Issad Rebrab was brought to the world in 1944, making him 80 years old as of 2024. As he approaches 2029, he will celebrate his 85th birthday.
Throughout his life, Rebrab has made significant contributions to the business landscape in Algeria as the CEO of Cevital, the country’s largest private industrial group which is involved in sectors such as steel, food, agribusiness, and electronics.
Issad Rebrab Career
Issad Rebrab’s industrial career began around 1971 when a client proposed he acquire shares in a metallurgical construction company.
Seizing the opportunity that Rebrab took a 20% stake in Sotecom. This marked the inception of his involvement in the steel industry, leading to the creation of other companies such as Profilor in 1975 and Metal Sider in 1988.
However, his journey faced a significant setback when a terrorist attack destroyed his main installations in 1995.
Recognizing the risks, Rebrab decided to leave Algeria. In 1998, he returned with Cevital, a venture that evolved into the largest private Algerian company.
Cevital boasts ownership of one of the world’s largest sugar refineries with an annual production capacity of 2 million tons.
Rebrab expanded his business portfolio by acquiring the El Khabar media group for $45 million, marking his second investment in the media industry in 2016.
He already owned the French-Algerian daily paper, Liberte, which he closed around April in 2022.
However, Rebrab’s legal challenges surfaced in 2019 when he was incarcerated at the El Harrach prison as part of a corruption probe.
Released on January 1 in 2020, he had been sentenced to six months for tax, banking, and customs offenses. Following a court decision on May 27 in 2023, Rebrab was prohibited from engaging in any commercial activities.
Despite the legal hurdles, Issad Rebrab’s career reflects a journey of resilience, entrepreneurship, and significant contributions to Algeria’s industrial landscape.
About Cevital
Cevital which happens to be the Algeria’s largest privately-owned conglomerate, was founded by Issad Rebrab and has established a strong presence across various sectors, including agribusiness, retail, industry, and services.
Headquartered in Kouba, Algeria, Cevital is also a founding partner of the Desertec project, which focuses on renewable energy initiatives. In 2009, the company reported earnings of $3.589 billion, showcasing its significant impact on the Algerian economy.
Cevital Details
Company type: Joint-stock company
Traded as: Issad Rebrab
Founded: 1998; 26 years ago
Founder: Issad Rebrab
Headquarters: Kouba, Algeria
Products: Food processing, food distribution, glass production, home appliance
Revenue: Increase US$ 3,260 millions (As of 2013)
Net income: Increase US$ 382 millions (As of 2013)
Number of employees: 18,000
Website: www.cevital.com
Subsidiaries and affiliates
Cevital’s main subsidiaries and affiliated companies span diverse industries, including food processing, shopping centers, construction, automotive sales, and glass manufacturing.
Food processing industry
• Cevital Food Processing Industry
Issad Rebrab, a name synonymous with innovation and industrial growth in Algeria, has carved an impressive path in the world of business.
As the CEO and founder of Cevital, Algeria’s largest privately-owned conglomerate, Rebrab has played a pivotal role in transforming the country’s economy.
His business interests span across steel, agribusiness, food processing, and electronics, cementing his status as one of Africa’s wealthiest and most influential figures.
We explore the inspiring journey of Issad Rebrab, delving into his net worth, career milestones, and personal life to uncover the man behind Algeria’s leading industrial empire.
Cevital, Algeria’s largest privately-owned conglomerate, was founded by Issad Rebrab and has established a strong presence across various sectors, including agribusiness, retail, industry, and services.
Headquartered in Kouba, Algeria, Cevital is also a founding partner of the Desertec project, which focuses on renewable energy initiatives.
The company reported earnings of $3.589 billion, showcasing its significant impact on the Algerian economy in 2009.
Established in 1998, Cevital Agro-Industrie, the food processing arm of Cevital, includes a range of production facilities, such as oil and sugar refineries, a margarine production unit, a mineral water bottling facility, a plant for producing and packaging beverages, a cannery, port silos, and a terminal for unloading goods at the port.
Cevital Agro-Industrie has played a pivotal role in shifting Algeria from being an importer to an exporter of oils, margarine, and sugar.
The division’s products reach markets across Europe, the Maghreb region, the Middle East, and Western Africa, cementing its status as Algeria’s largest private industrial complex. Its production operations are organized as follows:
production facility and production capacity
• An (sunflower and soybean) oil refinery – 670,000 tons/year
• A margarine factory – 180,000 tons/year
• A sugar refinery – 2,000,000 tons/year
• A unit of liquid sugar – 210,000 tons (dry matter equivalent)/year
• A unit of mineral water packaging: Lalla Khedidja – 3,000,000 bottles/day
• A unit of refreshing non-alcoholic drinks: Tchina – 600,000 bottles/hour.
• A tomato and fruit jam cannery – 80 tons/day
• Port Silos – 182,000 tons
Ceviagro
Ceviagro is a forward-thinking company specializing in large-scale agricultural production which was founded in 2004.
It focuses on the cultivation of fruit and nut trees, the production of potato seeds, and the cultivation of vegetables both in greenhouses and in open fields.
Additionally, Ceviagro is involved in the marketing of fertilizers to support agricultural growth.
Nolis
Nolis-SPA (Joint Stock Company) serves as the subsidiary responsible for managing the maritime trade operations of the group was established in 2000.
Automotive and services
HMA
The HMA was founded in 1997, the joint-stock company Hyundai Motor Algeria acts as the distributor for products from Hyundai Motor Company, which includes light vehicles, heavy trucks, buses, and commercial vehicles, as well as equipment from Hyundai Heavy Industries for public works.
The company boasts a network of over 45 distribution agents located throughout the country.
COGETP
COGETP was established in 2008, the General Company of Public Works Equipment (COGETP) serves as the exclusive dealer for Volvo Construction Equipment and SDLG (China) in Algeria.
COGETP specializes in marketing public works machinery, providing spare parts, and delivering after-sales services that meet European standards.
The range of Volvo public works equipment offered includes over 50 models, featuring mechanical excavators, loaders, graders, backhoe loaders, pavers, compactors, and articulated dump trucks.
ACTS
ACTSpecialist (Associated Car & Truck Specialist) was founded in 2024 and it focuses on the marketing and maintenance of a variety of vehicles, including commercial, industrial, public transportation, and public works vehicles.
What sets ACTSpecialist apart from its competitors is its diverse range of activities, particularly in the import and marketing of industrial vehicles such as trucks, buses, tractor-trailers, and public works machinery.
The company also assembles CKD tractor-trailers of the RANDON brand at its factory located in L’Ârbaa, Wilaya of Blida.
This approach is supported by trade agreements with leading suppliers, including RANDON, SUMITOMO, CHETRA, NEOBUS, CAMC, and LONKING.
Public Works Equipment
Established in 2008, Cevital MTP (Public Works Equipment) focuses on the rental of equipment for public works, transportation, and construction projects.
The company employs 131 different staff members and boasts a fleet of 226 equipment units in its inventory.
Cevicar – Car Renting
CEVICAR was founded in 2007 as a result of a collaboration between Cevital Group and Hyundai.
Fiat Algeria
Immobis
Founded in 2006, Immobis-SPA (Joint Stock Company) operates in the real estate sector as a project manager for various initiatives throughout Algeria.
Industrial Sector:
– Logistic tri-temperature platforms in Oran with a storage capacity of 17,000 m².
– Logistic tri-temperature platforms in Bouira with a total storage area of 75,000 m², along with plans for additional platforms of 5,000 m².
Service Sector:
– Plans are underway for three shopping centers of 16,000 m² each in Bouira, Ain Defla, and Mostaganem, along with four shopping centers in Sidi Abdellah, Setif, Tlemcen, and Bordj Bou.
Additionally, the project includes three office towers and two hotel towers, along with apartment hotels in Algiers.
Housing Sector:
– Development of luxury accommodations in Hussein Dey, Cheraga, and Sidi Abdellah (upcoming).
Future Media
Founded in 2006, FUTURE MEDIA is a company dedicated to multimedia communication, offering services in graphic design and outdoor advertising.
Industry
SAMHA
Established in 2006, SAMHA Home Appliance is a joint-stock company that serves as the official and exclusive representative of Samsung Electronics for electrical household products in Algeria.
The company manufactures a wide range of household appliances and audiovisual devices at its factory in Setif, where it employs over 1,800 workers.
Its product lineup includes refrigerators, air conditioners, washing machines, and color television sets.
MFG
Mediterranean Float Glass (MFG), founded in 2007, stands as the largest producer of flat glass in Africa, boasting a production capacity of 600 tons per day.
Located in Larbaa, Wilaya of Blida, MFG expanded its operations in 2009 by launching a laminated glass production line with a capacity of 400 tons per day, followed by the opening of a glass processing factory in October 2010.
Cevital Minerals
Founded in 2008, Cevital Minerals focuses on the prospecting and exploration of various mineral resources.
The company is engaged in the exploitation of these deposits and the processing of extracted materials.
Currently, it holds eight mining titles, covering both exploration and exploitation activities.
Baticompos
Baticompos emerged from the industrial group BATIMETAL’s subsidiary restructuring and was acquired by the Cevital Group in 2007.
The company possesses specialized expertise in manufacturing industrial components, including sandwich panels, false ceilings, veined metal sheets, and custom-shaped pieces.
Additionally, Baticompos produces a range of products such as Saharian cabins (for residences, offices, and sanitation), drilling camps, modular constructions, bungalows, cold storage facilities, and shelters for telecommunications equipment.
Prainsa Cevico Algeria
The establishment of CEVICO marks a significant development in the whole Algeria, providing an unprecedented opportunity to supply Cevital Group’s construction projects with prefabricated concrete elements.
This initiative supports the group’s strategic goal of enhancing its infrastructure. CEVICO has received a certificate of classification and professional qualification of category VIII.
Distribution
Sierra Cevital
Established in 2011, Sierra Cevital is a joint venture formed between Cevital Group and Sonae Sierra. The company specializes in the development and management of shopping centers.
Numilog
Numilog was founded in 2007 which offers comprehensive logistics services, including land transportation, storage and inventory management, packaging, co-packing, labeling, and various complementary services such as customs transit.
As a subsidiary of Cevital Group, Numilog is equipped to meet the logistics and transportation needs of businesses.
It plays a important role in the logistics and supply chain sectors, assisting organizations in optimizing their operations through its world-class infrastructure.
Numidis
Founded in 2006, Numidis focuses on extensive distribution and aims to create a network of supermarkets and hypermarkets under the brand names Unocity and Uno.
Personal life
Issad Rebrab is married and blessed with five children, underscoring his commitments not only in the business realm but also within the context of family life.
Facts
– Graduated from a professional school and initially taught accounting and commercial law.
– Transitioned into entrepreneurship by founding his own accounting firm.
– Initiated his industrial career in 1971 by taking a 20% stake in Sotecom, a metallurgical construction company.
– Founded additional companies in the steel industry, including Profilor in 1975 and Metal Sider in 1988.
– Faced a setback in 1995 when a terrorist attack destroyed his main installations.
– Recognizing risks, Rebrab left Algeria but returned in 1998 with Cevital, evolving into the largest private Algerian company.
– Cevital, initially an agricultural business, expanded to become a diversified conglomerate.
– Owns one of the world’s largest sugar refineries with an annual capacity of 2 million tons.
– Acquired El Khabar media group for $45 million in 2016, adding to his media investments.
– Owned the French-Algerian daily paper Liberte, closed in April 2022.
– Incarcerated in April 2019 as part of a corruption probe.
– Released on January 1, 2020, after a six-month sentence for tax, banking, and customs offenses.
– On May 27, 2023, a court decision prohibited Issad Rebrab from any intention of exercising commerce.
– Married with five children, highlighting a balance between business success and family commitments.
– Rebrab’s journey reflects resilience, entrepreneurship, and significant contributions to Algeria’s industrial and media landscapes.
– In 2016, Rebrab diversified his portfolio by acquiring the El Khabar media group for $45 million.
– His media ventures also included ownership of the French-Algerian daily paper Liberte, which he closed in April 2022.
– In April 2019, Rebrab faced legal troubles as part of a corruption probe, leading to his incarceration.
– Released on January 1, 2020, after a six-month sentence for tax, banking, and customs offenses.
– On May 27, 2023, a significant court decision imposed restrictions, prohibiting Issad Rebrab from any intention of engaging in commercial activities.
– Despite professional challenges, Rebrab remains dedicated to his family life.
– Married with five children, his personal life underscores a balance between business success and familial commitments.
– Issad Rebrab’s life journey showcases resilience and entrepreneurial spirit.
– His contributions to Algeria’s industrial, media, and business sectors have left a lasting impact.
– The story of Issad Rebrab is one of triumphs, challenges, and continuous contributions to various industries.
From his early days in education to becoming a leading figure in Algeria’s business landscape, Rebrab’s journey is marked by resilience, diversification, and a commitment to both professional and personal aspects of life.
Other facts you need to know
Self-Made Billionaire
Issad Rebrab is widely recognized as a self-made billionaire.
Coming from a modest background, he built his wealth through determination and hard work, starting out as an accountant and later venturing into business.
Founder of Cevital
In 1998, Rebrab founded Cevital, which has since grown into Algeria’s largest privately-owned conglomerate.
Cevital has a strong presence across multiple sectors, including steel production, food processing, electronics, and real estate.
Visionary in Agribusiness:
Rebrab’s expansion into agribusiness with Cevital was instrumental in transforming Algeria’s food industry.
Under his leadership, Cevital moved Algeria from relying on imported cooking oil, sugar, and margarine to exporting these products.
Promoter of Renewable Energy:
Rebrab is a key advocate for renewable energy in North Africa.
Cevital is a founding member of the Desertec project, a large-scale initiative aiming to harness solar energy from the Sahara Desert for use across Europe, the Middle East, and Africa.
Philanthropy and Social Responsibility
Rebrab has shown a commitment to social responsibility by supporting initiatives that promote job creation and economic growth within Algeria.
He has been vocal about the need for industrial growth as a means to reduce unemployment and improve living standards in the country which is great.
Recognition and Awards
Due to his contributions to business and industry, Rebrab has received numerous awards and honors.
He is frequently listed among the most influential businessmen in Africa and the Arab world.
Advocate for Economic Freedom
Rebrab has often spoken out about the importance of economic freedom and transparency in Algeria.
He believes that a fair, open market will help drive innovation and competitiveness within the country.
Champion for International Expansion: Under Rebrab’s leadership, Cevital has not only dominated the Algerian market but has also expanded internationally, establishing operations and partnerships in Europe, particularly in France and Italy, where it acquired distressed companies to revive them.
Promoter of Employment
Rebrab’s business ventures have provided thousands of jobs in Algeria.
Cevital alone employs thousands of people across its many subsidiaries, supporting the Algerian economy and providing stable employment opportunities.
Innovative Approach
Rebrab is known for his innovative business strategies, constantly seeking to modernize industries and adopt cutting-edge technology to enhance productivity and sustainability within his companies.
