Algerian billionaire Issad Rebrab is now barred from running even his smallest companies
Issad Rebrab, 81, has been stripped of the right to manage the small companies he owns outside Cévital, three years after losing the group itself.
Issad Rebrab
Meet Issad Rebrab, the accountant who turned a small metals stake into a $5 billion empire
Issad Rebrab started with a 20% stake in a metals firm. Five decades later, he had built Algeria's largest private company and its first billion-dollar fortune.
Algeria's richest man Issad Rebrab's Cevital is being sued in France over Brandt's liquidation
About 60 former Brandt employees plan to sue Cevital in 2 French courts in May, calling their dismissals abusive and seeking civil damages from Algeria's biggest private company.
How Algerian billionaire Issad Rebrab's $400 million steelworks gamble in Italy collapsed and took his Brazil iron ore dream down with it
Issad Rebrab bought a struggling Italian steelworks in 2015 and planned a $400 million revival. Three years later, he sold it and his Brazil iron ore plan collapsed with it.
Why Algeria's richest man Issad Rebrab let Brandt collapse as French appliance icon heads to liquidation
Issad Rebrab’s Cevital chose not to fund a Brandt rescue, and a French court liquidation ended hundreds of appliance jobs.
Brandt collapses in France, costing 700 jobs as Algeria’s richest man Issad Rebrab takes a hit
A French court ordered Brandt into liquidation, ending Cevital’s European bet and costing about 700 jobs despite a worker-led rescue plan.
Algeria’s richest man Issad Rebrab hit as Brandt folds, 700 jobs lost
Algeria’s richest man Issad Rebrab faces setback as Brandt folds, 700 jobs lost and foreign investment challenges grow.
Algeria’s richest man Issad Rebrab faces test as France puts home-appliance maker Brandt in receivership
A French court put Cevital’s Brandt into receivership, testing Issad Rebrab’s cross-border bet and putting 750 French jobs under court protection.
Central bank cracks down on son of Algeria’s richest man
Omar Rebrab barred from business roles as Algeria’s central bank enforces freeze amid misconduct probe.
Algeria’s richest Issad Rebrab’s Cevital taps European partner for Béjaïa project
The wastewater treatment plant is a practical step that helps the company stay productive, meet regulatory requirements, and reduce its environmental impact.
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.
Algeria’s richest man Issad Rebrab banned from engaging in any business or management activity
Rebrab, former CEO of Cevital Group, was placed on May 18 under judicial control by the public prosecutor at the Sidi M’Hamed court.
Algeria’s richest man Issad Rebrab arrested over foreign dealings
Rebrab was reportedly arrested on May 17 by agents of the Algerian Central Office for the Fight against Organized Crime.
Algeria’s richest man Issad Rebrab has now lost $500 million so far in 2023
Rebrab is the founder of 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.