10 companies owned by Algeria’s richest man Issad Rebrab
Billionaires.Africa has documented companies and holdings owned by Rebrab — revealing the expansive breadth and scale of his business empire.
Billionaires.Africa has documented companies and holdings owned by Rebrab — revealing the expansive breadth and scale of his business empire.
Rebrab, former CEO of Cevital Group, was placed on May 18 under judicial control by the public prosecutor at the Sidi M’Hamed court.
Rebrab was reportedly arrested on May 17 by agents of the Algerian Central Office for the Fight against Organized Crime.
Rebrab is the founder of Cevital Group.
The Algerian billionaire stepped down as CEO of Cevital in 2022.
The launch of the plant comes five months after Rebrab stepped down as CEO of the group.
The JV will produce motors for washing machines manufactured by Cevital and other partners.
On July 1, his son Malik Rebrab, who has previously held high positions in Cevital, will take over as CEO.
Rebrab is the seventh-richest man in Africa, with a net worth of $5.1 billion.
Rebrab is the founder and owner of Cevital, the country’s leading private group.
The long-time ally of the late former Algerian President Abdelaziz Bouteflika appeared before a court in Fellaoucene yesterday.