Algerian businessman Issad Rebrab had an estimated net worth $3.5 billion as of 2015, according Forbes. This declined to $3.3 billion as of October 18, 2018. He is the CEO of CEVITAL industrial group.
Issad was born in Tagumount-Azzouz village, Kabylie, a natural and historical region in the north of Algeria. He graduated from a professional school. He started his career as a teacher. He taught accounts and commercial law, but he left teaching and started his own accounting firm.
In 1971, Rebrab bought 20 percent shares of Sotecom, a metallurgical construction company. He founded Profilor in 1975 and Metal Sider in 1988. In 1995, his installations were damaged in a terrorist attack. He left Algeria, but returned in 1998. In the same year he founded CEVITAL industrial group. Today the group is the largest private company in Algeria.
CEVITAL is active in food industry, steel industry, retail, services, electronics and agribusiness. It owns one of the largest sugar refineries (1.5 million tons output) in the world. In 2014, it acquired French assets of Fagor, a Spanish appliance maker, for $30 million. Fagor had filed for bankruptcy protection.
Issad Rebrab is married and has five children. All of them work in CEVITAL. He resides in Algiers, the capital and the largest city of Algeria.