Issad rebrab biography of abraham
Issad Rebrab
Algerian businessman and billionaire
Issad Rebrab | |
|---|---|
| Born | () May 27, (age&#;80) Tagumount-Azzouz village, Tizi Ouzou, Algeria |
| Occupation | Businessman |
| Known&#;for | CEO of Cevital |
| Children | 5 |
| Website | |
Issad Rebrab (Arabic: يسعد ربراب;[1][2] born ), is an Algerian billionaire businessman, CEO of the Cevital industrial group, the largest private company in Algeria, active in steel, food, agribusiness and electronics.
In , 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.
Issad rebrab biography of abraham The HMA was founded in , the joint-stock company Hyundai Motor Algeria acts as the distributor for products from Hyundai Motor Company, which includes light vehicles, heavy trucks, buses, and commercial vehicles, as well as equipment from Hyundai Heavy Industries for public works. Career [ edit ]. Retrieved 1 January In , he returned with Cevital, a venture that evolved into the largest private Algerian company.Career
His industrial career started in , 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 and Metal Sider in
In , his main installations were destroyed in a terrorist attack.
After he recognized the risks of staying, Rebrab decided to leave Algeria.
Biography of isaac In , after publicly accusing the Algerian state of deliberately frustrating his business projects, Issad started restructuring Cevital into multiple semi-independent units in different sectors in Algeria coupled with the acquisition or establishment of autonomous companies in Europe, Brazil, Asia, and the Middle East in a complex plan to mitigate against potential attack on the business empire by the Algerian government. It imports raw sugar from Brazil and produces white sugar for the Algerian market and for export to Libya, Tunisia, and other destinations in the Middle East. You Might Also Like. He believes that a fair, open market will help drive innovation and competitiveness within the country.He came back in 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.[3]
In , 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.[4] The paper was closed by him in April [5]
On April 22, , Rebrab was incarcerated at the prison of El Harrach on the public prosecutor's orders, after his arrest as part of a corruption probe.[6] He was released on January 1, , after having been sentenced to six months for tax, banking and customs offenses, and having been in custody for longer than his eventual sentence.[7]
On May 27, , after a court decision, the justice prohibits Issad Rebrab from any intention of exercising in commerce.[1]
Personal life
Rebrab is married, and has five children.[8]