Algeria’s richest man Issad Rebrab has now lost $500 million so far in 2023
Rebrab is the founder of Cevital Group.
Cevital Group
Court approves Algerian billionaire Issad Rebrab’s Cevital plans for giant tourist complex
The Algerian billionaire stepped down as CEO of Cevital in 2022.
Issad Rebrab’s Cevital opens multimillion-dollar electric motors factory in Algeria
The launch of the plant comes five months after Rebrab stepped down as CEO of the group.
Algerian tycoon Issad Rebrab’s Cevital partners with WEG to form electrical machinery company
The JV will produce motors for washing machines manufactured by Cevital and other partners.
Billionaire Issad Rebrab retires as CEO of Algeria’s largest private group, Cevital
On July 1, his son Malik Rebrab, who has previously held high positions in Cevital, will take over as CEO.