They keep some part of the Cevital productionI kept some part of the Cevital productionthey destroyed his major installationsIn this success post, we are going to share the story of Issad Rebrab, a self-made man, is best known for running Cevital, the largest conglomerate in Algeria. It is one of the biggest sugar refineries across the globe, with an annual output of around 1 million tons.
By the year 1988, Issad was confident enough to incept the Cevital, which today employs more than 15000 people in the country.
Issad Rebrab Personal Life
Issad was one of the very first Algerians who entered entrepreneurship after the Independence Day and became the first billionaire of Algeria. Son of revolutionaries who struggled for the Independence of Algeria, he was not just a destiny to be so successful in his career. It was his hard work and determination that gave him such a big name in the industry.
Issad Rebrab Career
Issad came from a very humble family and completed his studies from a modest vocational school. After finishing his graduation, he started teaching business law and accounting. But soon abandoned teaching and established his own accounting firm in the year 1968. Here, one of his customers advised the Issad Rebrab to invest in his metallurgical construction business. And there was no looking back. He knew that he was taking a risk, and ‘at worst, I knew I could always go back to teaching,’ he says.
In the year 1971, Issad Rebrab acquired around 19% shares of Sotecom, a metallurgic manufacturing company. With this, he entered the world of business and created many other companies in the same industry. In the year 1955, his major installations were destroyed in the terrorist attacks. And Issad had to leave Algeria and live in France for a few months. But in the year 1988, he returned with the foundation of Cevital. Which was perhaps the largest group in the agricultural sector at that time.
Today, Cevital is one of the largest Algerian exporters, also offering liquid sugar for the Algerian drinks industry. But in the year 2012, Cevital Agro provided around 50000 tons of oil for domestic consumption. Some part of the Cevital production is kept for domestic use, while the excess is exported to different parts of the world. Which includes the Middle East, Europe, and West Africa.
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