Former Dar Al Arkan CFO Mika Toivola joins Azizi Developments

Toivola joins the UAE real estate company after 25 years of experience with firms such as Al Arrab Contracting and Tellabs

Mika Toivola, Azizi Developments' new CFO.
Azizi Developments
Mika Toivola, Azizi Developments' new CFO.

UAE-based private real estate developer Azizi Developments – the chairman Mirwas Azizi led firm that recently marked 60% completion on its Aura-branded homes in Downton Jebel Ali – has appointed Mika Toivola as its chief financial officer.

During his 25-year-long career, Toivola has held various senior executive-level roles at organisations such as Dar Al Arkan Real Estate Co, Al Arrab General Contracting, Tellabs, and ABB Industry/Drives Group.

Toivola holds an MSc degree in economics and business administration from the University of Jyväskylä.

Construction Week has reached out to the media representative of Azizi Developements to find out whom Toivola has replaced as CFO, and will update the story if and when the company responds. 

Commenting on his appointment, chief executive officer of Azizi Developments, Farhad Azizi, said: “[Toivola's] 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 delighted to have Mika on board and look forward to him overseeing our ongoing financial planning and strategy initiatives.”

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