Rebrab recently acquired El Khabar media group. El Khabar publishes one of the highest circulating papers in Algeria, selling over 300,000 copies a day, and the media group also owns a TV channel, a printing press and a distribution firm. Media isn’t a new line of business for Rebrab. He already owns the French-language Algerian daily Liberte. The Algerian court attempted to block the sale.
Sources: Dailymail.co.uk, Forbes.com
Rebrab has five children—four sons and a daughter—each of whom works at his company Cevital. Rebrab is the son of militants who fought for Algeria’s independence from France. From a humble upbringing, Rebrab attended a modest vocational school instead of the prestigious universities many of his fellow rich-list members went to.
Source: Successstory.com
When Rebrab graduated college, he immediately started teaching business law and accounting, but he soon left teaching to start his own accounting firm. Rebrab’s first investment came when one of his clients suggested he mogul invest in his metallurgic manufacturing company. He went on to create several more businesses in the same industry.
Source: Successstory.com
Rebrab’s success is abnormal and not entirely welcome in Algeria—a country with deep socialist tendencies, and relatively new to independence. Rebrab has admitted, “entrepreneurs are accepted, but not encouraged.”
Source: Forbesmiddleeast.com
In 1995, terrorist attacks destroyed the majority of Rebrab’s installations. He left Algeria and lived in France for a few months. When Rebrab returned to Algeria, he started building Cevital. Cevital’s involvement with France didn’t end when he returned to Algeria — excess sugar from Cevital is exported to Europe.
Source: Successstory.com
Reports circulated in 2012 that Rebrab would run for the presidential election in 2014. The business icon allegedly put together a campaign team of former cabinet members, fellow businessmen, and select media personalities. His supporters hoped he would run because of his in-depth knowledge of the Algerian economy, and his longtime success as a business manager.
Source: Northafricapost.com
Although Rebrab did not end up running for president, he is vocal about what he thinks politicians in charge should do. Rebrab warned that by 2020 there will be 10 million unemployed people and that the administration will not be able to create enough jobs to solve this problem. He urges the country’s leaders to encourage the private sector, which can then invest in large projects that could create jobs.
Source: Northafricapost.com
Rebrab owns a port unloading terminal in the Mediterranean basin, mining company Cevital Minerals, exclusive distributorships for Hyundai and Fiat in Algeria, agricultural produce firm Ceviagro and a company that assembles and markets Samsung products in the country called Samha.
Source: Northafricapost.com
