Great job, Dreny & Partners Law Firm
Dreny was chosen to contribute its legal expertise to the Technical Assistance team working on the European Investment Bank (EIB)-funded program “Improving access to finance by facilitating the business expansion of promising and growing Small and Medium Enterprises (SME’s) in Egypt.”
a program that aims to support SMEs and promote the development of the Private Sector.
Motaz El Dreny (managing partner) discussed the current situation regarding SME’s access to the Capital Market and development, as well as the legal barriers to SME access to the Capital Market in Egypt as an alternative methodology to accessing finance through banks and emphasized the role of legal advisors in promoting IPOS for SME’s in Egypt, and finally, he shared his recommendations for improving SME’s listing and access to the capital market.
There is no doubt that this will play an important role in increasing and supporting small and medium enterprises, considering the difficulty of obtaining financing for them due to a lack of sufficient guarantees for some banks to access in order to finance them.