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Issad Rebrab ( ar, يسعد ربراب; born 1944), is an Algerian
billionaire A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busin ...
businessman, CEO of the Cevital industrial group, the largest private company in Algeria, active in steel, food, agribusiness and electronics. In 2019, he was sentenced to six months for tax, banking and customs offenses.


Early life

After graduating from a professional school, Rebrab taught accounting and commercial law. He soon left teaching, and started his own accounting firm.


Career

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. 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, with the capacity to produce 2 million tons a year. In 2016, Rebrab acquired El Khabar media group, for $45 million. This was his second investment into media, as he owned the French-Algerian daily paper '' Liberte''. The paper was closed by him in April 2022. On April 22, 2019, Rebrab was incarcerated at the prison of El Harrach on the public prosecutor's orders, after his arrest as part of a corruption probe. He was released on January 1, 2020, after having been sentenced to six months for tax, banking and customs offenses, and having been in custody for longer than his eventual sentence.


Personal life

Rebrab is married, with five children.


References


External links

* {{DEFAULTSORT:Rebrab, Issad Algerian billionaires Living people Kabyle people 1944 births 21st-century Algerian people