Cevital

Cevital: A Leading Algerian Conglomerate

Cevital

Company type	Conglomerate
Industry	Various
Founded	1998
Founder	Issad Rebrab
Key people	Issad Rebrab (CEO)
Revenue	US$4.5 billion (2019)
Number of employees	26,000 (2019)

Cevital is a prominent Algerian conglomerate founded in 1998 by Issad Rebrab. It operates in various industries, including agribusiness, retail, industry, and distribution. With its headquarters located in Algiers, Algeria, Cevital has established itself as one of the largest private companies in the country.

History

Cevital was established in 1998 by Issad Rebrab, an Algerian entrepreneur and businessman. Rebrab envisioned creating a diversified conglomerate that would contribute to the economic development of Algeria. Over the years, Cevital has expanded its operations and diversified its portfolio, becoming a key player in the Algerian business landscape.

Operations

Cevital operates in several sectors, including agribusiness, retail, industry, and distribution. The company has a strong presence in the food and beverage industry, with its subsidiary, Cevital Food Processing, being one of the largest food processing companies in Algeria. Cevital also owns and operates retail chains, such as Groupe Arcofina, which operates supermarkets and hypermarkets across the country.

In addition to its presence in the domestic market, Cevital has expanded its operations internationally. The company has investments in various countries, including France, Italy, Brazil, and the United Arab Emirates. These international ventures have allowed Cevital to diversify its revenue streams and establish a global presence.

Key Figures

As of 2019, Cevital reported a revenue of US$4.5 billion, making it one of the largest companies in Algeria. The conglomerate employs approximately 26,000 people across its various subsidiaries and operations.

Recognition and Awards

Cevital has received numerous accolades and recognition for its contributions to the Algerian economy and its commitment to sustainable business practices. In 2018, the company was ranked among the top 100 African companies by Jeune Afrique, a leading French-language magazine. Cevital's founder, Issad Rebrab, has also been recognized for his entrepreneurial achievements and was named one of the most influential business leaders in Africa by Forbes magazine.