Azizi Developments appoints new CFO

Azizi Developments, a leading private property developer in the UAE, announced it has appointed Mika Toivola as the company’s chief financial officer (CFO).

Mika Toivola has over 25-year of international and UAE experience in senior executive roles at major multinational corporations, according to a press release.

The Dubai-based real estate developer’s executive team would benefit from Toivola’s extensive background in corporate finance, treasury, financial planning and analysis, investor relations, strategic planning, and risk management along with his solid grasp of the real estate and construction sectors.

Farhad Azizi, CEO of Azizi Developments, commented: “Mika is an exceptional executive who has risen rapidly in his career and has had significant responsibilities in financial management, leadership, and capital markets. His background is well suited to help us drive our strategy, 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 delighted to have Mika on board and look forward to him overseeing our ongoing financial planning and strategy initiatives,” he added.

Following the appointment of Mika Toivola as Azizi Developments’ CFO, the company aims to strengthen its internal control systems, risk management, and financial strategies.

Toivola, who holds a Master’s Degree in economics and business administration from the University of Jyväskylä, previously served as group CFO at Dar Al Arkan Real Estate Co, Al Arrab General Contracting, Tellabs, and ABB Industry/Drives Group.

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