National Ranges Company K.S.C.C. also known as "Mayadeen" was established in May 1998 as a Closed Kuwaiti Shareholding Company, incorporated with a paid up capital KD 2.43 million (USD 8.5 million), Mayadeen was listed on the Kuwaiti Stock Exchange in June 2005. As part of its expansion and diversification strategy gearing to purse the real estate opportunities locally and regionally, in July 2006, Mayadeen increased its capital to KD 100 million (USD 348.6 million) aiming to position itself as a major player in the GCC real estate markets, With undergoing development projects exceeding US 1.2 Billion $ in both Abu Dhabi & Dubai.