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Ali Haddad
Ali Haddad, arabic: علي حداد (born 27 January 1965 in Tizi Ouzou) is an Algerian Businessman. He is the co-founder and CEO of ETRHB (Entreprise des Travaux Routiers, Hydrauliques et Bâtiments; Road, Hydraulic and Building Works Company in English), and has been the president of the FCE (Forum des Chefs d'Entreprises; Business Leaders Forum in English) since 2014.
2019 Ali Haddad was arrested while trying to cross into neighbouring Tunisia, local media say.
Ali Haddad was one of the country's richest men and a long-time backer of President Abdelaziz Bouteflika, who was under intense pressure to quit.
Demonstrators had been demanding that Mr Bouteflika and those close to him step aside. According to Forbes, he is one of the richest men in Algeria.
Ali Haddad graduated from the Mouloud Mammeri University of Tizi-Ouzou in 1988. With his five brothers, he founded the Entreprise des Travaux Routiers, Hydrauliques et Bâtiments (ETRHB Haddad Group). In 1993, his company signed its first major deal, a 1-million euro contract to build a highway in Kabylie, Algeria. By 2002, ETRHB was the largest private construction company in Algeria.
In 2003, ETRHB invested in the bitumen sector. In 2006, it launched a new business with Savem Spa, a subsidiary dedicated to automobile distribution. In 2013, Ali Haddad's group created CILFARM, a company specialized in the medical sector.
In 2015, ETRHB had assets estimated at 99 billion dinars (almost 1 billion euros), with Ali Haddad owning 16% of ETRHB.
On August 4, 2010, the Algerian football club USM Alger opened up its capital as part of the professionalization process of the domestic league. Ali Haddad purchased 83% of the club for 700 million dinars ($6.5 million) and became its President.
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Ali Haddad
Ali Haddad, arabic: علي حداد (born 27 January 1965 in Tizi Ouzou) is an Algerian Businessman. He is the co-founder and CEO of ETRHB (Entreprise des Travaux Routiers, Hydrauliques et Bâtiments; Road, Hydraulic and Building Works Company in English), and has been the president of the FCE (Forum des Chefs d'Entreprises; Business Leaders Forum in English) since 2014.
2019 Ali Haddad was arrested while trying to cross into neighbouring Tunisia, local media say.
Ali Haddad was one of the country's richest men and a long-time backer of President Abdelaziz Bouteflika, who was under intense pressure to quit.
Demonstrators had been demanding that Mr Bouteflika and those close to him step aside. According to Forbes, he is one of the richest men in Algeria.
Ali Haddad graduated from the Mouloud Mammeri University of Tizi-Ouzou in 1988. With his five brothers, he founded the Entreprise des Travaux Routiers, Hydrauliques et Bâtiments (ETRHB Haddad Group). In 1993, his company signed its first major deal, a 1-million euro contract to build a highway in Kabylie, Algeria. By 2002, ETRHB was the largest private construction company in Algeria.
In 2003, ETRHB invested in the bitumen sector. In 2006, it launched a new business with Savem Spa, a subsidiary dedicated to automobile distribution. In 2013, Ali Haddad's group created CILFARM, a company specialized in the medical sector.
In 2015, ETRHB had assets estimated at 99 billion dinars (almost 1 billion euros), with Ali Haddad owning 16% of ETRHB.
On August 4, 2010, the Algerian football club USM Alger opened up its capital as part of the professionalization process of the domestic league. Ali Haddad purchased 83% of the club for 700 million dinars ($6.5 million) and became its President.