The executive committee member said that the scorching summer in Qatar makes it unfavourable for soccer.
Passenger numbers rose 5.7 percent to 46.48 million people in the first eight months of the year.
The company expects to record annual depreciation charges of about 7.6 million riyals from Q4 2014 onwards.
Recruiting will take place in 12 cities across five countries including Italy, Germany, Japan, Morocco and Tunisia.
“Should we decide to list shares, the market will receive it well,” said Sanjay Manchanda.
The seven-year financing is split between a $300 million loan with an amortising structure and a $40 million revolving credit facility.
The 5.5 million sq ft mixed-use development will include a total of 27 buildings.
The IPO surpassed the global record set by Agricultural Bank of China in 2010 when the bank raised $22.1 billion.
Ma’aden earlier said it would seek capital to fund the expansion of its phosphate and gold operations.
The IPO is expected to be one of the largest ever in the Gulf region.
The meeting was called to inform shareholders of the details of a $2.7 billion restructuring plan.
The first phase, anticipated to include retail and hospitality elements, will be completed in three years.
The hotel, which will consist of 1,250 luxury rooms and suites, is scheduled to open by 2018 and will be located in the downtown area
The discussions were centred on re-negotiating the terms of the debt, the chief executive said without giving any further details.
The restructured loan is repayable over a period of seven years, the company said.
The government might not introduce any fees on off-plan property sales if the property market self corrects, an expert says.
Spread across 9.5 million square feet, La Mer will feature commercial, leisure, residential and hospitality components.
Nakheel’s current residential leasing portfolio comprises almost 17,000 units at across Dubai.
Dubai World is offering creditors a series of incentives to lengthen a $25 billion debt restructuring deal.
Proceeds from the issue will be partly used to refinance existing debt as well as provide cash for infrastructure investment.
Tighter government regulations and an increasing mismatch between buyer and seller expectations have tempered growth in the residential market.
All the latest news from the region’s biggest property event taking place in Dubai.
Stock markets around the world closed nearly flat on Friday but a major source of uncertainty is now gone after Scotland voted ‘No’.
The 18-hole championship-standard course, ‘Trump World Golf Club Dubai’, will include a club house, restaurants and pro shop.
Al Jazeera bought Current TV for an estimated $500 million in 2013 from Al Gore.
Kuwait has invested almost $18 billion in Germany.
Sohar Aluminium plans to spend $35 million over the next five years.
Bahrain has been shaken by persistent unrest since 2011.
The proceeds will be used to invest in healthcare and education assets, according to sources.
The funds would be raised through loans, the airline’s chief financial officer confirmed.