About
Crosspoint is the advisory practice of Mika Toivola: a career Group CFO with more than 25 years in corporate finance, and 15 of them at the centre of the Middle East's real estate and capital markets.
Mika has served as Group CFO at market-leading real estate and construction companies across the GCC and Europe (Dar Al Arkan and Al Arrab in Saudi Arabia, Azizi in Dubai, and Skanska in Finland) and as advisor and interim CFO to a Public Investment Fund portfolio company.
That work spans the full capital-markets toolkit: international sukuk (bond) issuances, credit ratings across all four major agencies, IPO-readiness and REIT structuring, and investor-relations programmes taken to investors from the Gulf to New York, London and Asia.
Today he combines that advisory practice with life as a founder, building and backing ventures in deep-tech and entertainment. It is a rare vantage point: an advisor who also sits in the founder's chair, and a CFO who understands both the institution and the start-up.
Track record
Three decades in the CFO's chair
Crosspoint is underwritten by a full executive career: Group CFO roles at market-leading groups across the GCC and Europe. This is the experience that informs every engagement.
Crosspoint, Inc.
2018–PresentFounder & Principal Consultant · Dubai, UAE
Independent corporate finance and advisory practice serving clients across the GCC in capital markets, ratings, investor relations and CFO-level engagements.
Catella Middle East
2020–2022Advisory / Partner · Dubai, UAE
Co-founded and part-owned the DIFC investment-management entity that paired a European real-estate asset manager with a global bank to originate GCC real-estate fund mandates, leading the DFSA fund-management licence process and fund strategy, and acting as the independent bridge that convened the institutions around family-office sponsors.
Saudi Downtown Company (PIF)
2021–2022Advisor to CEO / Interim CFO · Riyadh, Saudi Arabia
Interim Group CFO for a newly-formed Public Investment Fund company developing downtown destinations across 12 Saudi cities, a multi-billion-riyal Vision 2030 programme of 10M+ square metres. Built the finance function: public-company policies and procedures, funding and banking strategy, core systems, and recruitment of the permanent CFO and team.
Azizi Developments
2019–2020Group Chief Financial Officer · Dubai, UAE
Led finance through a $300M sukuk issuance, a Fitch credit rating and an IPO-readiness programme for a major UAE developer.
Dar Al Arkan Real Estate
2013–2018Group Chief Financial Officer · Riyadh, Saudi Arabia
Five international sukuk issuances (~$2.15B, Irish SE & Nasdaq Dubai), an IPO-track REIT spin-off, and a full investor-relations programme for a listed developer with SAR 5B revenue.
Al Arrab Contracting (Al Rajhi Holding)
2010–2013Group Chief Financial Officer · Riyadh, Saudi Arabia
Led finance for a SAR 4.5B-revenue contractor: reporting, controlling, SAP implementation and forensic audits across a group of companies.
Skanska Oy
2003–2010Group CFO & Head of IT · Helsinki, Finland
Group CFO of the Finnish arm of Skanska (revenue up to €1.1B), centralising finance across Baltic and Russian operations.
Put this experience to work
The same discipline that ran these finance functions is available to your business, as an advisor, or hands-on as an interim CFO.