Forbes Middle East

2. Issad Rebrab & family

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GLOBAL RANK: 589

NET WORTH 2021: $4.8 billion CHANGE: +$600 million

AGE: 77 COUNTRY: Algeria SECTOR: Food & Beverage

Issad Rebrab is the founder and CEO of Cevital, Algeria’s biggest privatelyh­eld company. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purificati­on company. After serving 8 months in jail on charges of corruption, Rebrab was released on January 1, 2020. He denies any wrongdoing.

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