Issad Rebrab net worth is estimated to be $2.5 billion. Issad Rebrab is the founder of Cevital and served as company CEO for more than half a century. His son is Malik is now CEO since July 2022.
Cevital is the biggest private company in Algeria. The company owns one of the largest sugar refineries globally. It has a capacity of two million tons per annum.
Cevital owns companies in Europe such as Groupe Brandt which is a home appliances maker in France and Alas Iberia a Spanish aluminium company.
Groupe Brandt manufactures high-end dishwashers, washing machines, freezers, microwaves, televisions, air conditioners and refrigerators.
Issad Rebrab spent 8 months in jail on corruption charges and he was released on 1 January 2020. He denied the charges.
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An Algerian court prevented Issad Rebrab from management of Cevital in May 2023. Rebrab’s parents were militants who fought for Algeria’s independence from France.
Cevital assisted finance a biopic on Algerian hero known as Larbi Ben M’hidi reported to have been executed by the French in 1957.
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