GULF DIGITAL NEWS
GDN Online App available on
App Store / Play Store
Gulf Daily News Gulf Daily News
Gulf Daily News Gulf Daily News Gulf Daily News Gulf Daily News Gulf Daily News
03 December 2016 ARCHIVES  |  SEARCH  |  POST ADS  |  ADVERTISE  |  SUBSCRIBE  |  LOGIN  |  CONTACT US

These are the world's richest Arabs

Middle East News
Wed, 13 Apr 2016
GDN Online Desk
1 of 10
prev icon
Middle East News: These are the world's richest Arabs
next icon


From automotives to real estate, Forbes lists the 10 richest Arabs of 2016 and how they earned their wealth.

Image

10) ISSAD REBRAB


Net Worth: $3.1 Billion

Age: 72

Source of wealth: Food, Self Made

Country of Citizenship: Algeria

 

Issad Rebrab founded Algeria's biggest privately held conglomerate, Cevital. It owns one of the largest sugar refineries in the world, with an annual output of 1.5 million tons; it also produces vegetable oil and margarine. Rebrab has been diversifying by buying European companies in distress. In 2014, he acquired (for an undisclosed amount) Groupe Brandt, a large French-based maker of appliances which had filed for bankruptcy protection. Cevital has invested more than $200 million to build a Brandt plant in Algeria which will employ 7,500 people.

next icon
1 of 10
back icon
Read more on this story

You Might Like





More Middle East News