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Azizi Developments appoints a seasoned CFO for driving the financial strategy and reinforce governance
Mika Toivola brings him with more than 25 years of financial management and capital markets background in the real estate and construction industry

Azizi Developments, one of the leading private real estate developers in the UAE, fortified its executive team with the appointment of a seasoned Chief Financial Officer.

Mika Toivola carries with him a broad background in corporate finance, treasury, financial planning and analysis, investor relations, strategic planning and risk management along with a profound understanding of the real estate and construction sectors. He has more than 25 years of international and UAE experience in senior executive roles at market-leading and publicly listed real estate corporations.

Remarking on the appointment, Farhad Azizi, CEO of Azizi Developments, stated: “Mika is an extraordinary executive who has risen rapidly in his career and has had significant responsibilities in financial management, leadership, and capital markets. His experience is appropriate to help us drive our methodology, adding long-term value to the financial stability and progression of our organisation. We are committed to promoting international best practices in financial governance and compliance that will further strengthen the organisation’s performance and boost Azizi Developments’ standing locally and globally. We are pleased to have Mika on board and look forward to him overseeing our ongoing financial planning and strategy initiatives.”

Mika has served as group CFO at Dar Al Arkan Real Estate Co., Al Arrab General Contracting CJSC, Tellabs Oy, and ABB Industry Oy/Drives Group, where he was responsible for overseeing the financial market strategies and building up the finance, risk management, and controlling functions. Among several other qualifications from distinguished institutions, Mika holds an MSc. Degree in Economics & Business Administration from the University of Jyväskylä. Through his extensive experience in large multinational corporations, Mika will reinforce Azizi Developments’ internal control systems, risk management, and financial strategies.




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