Norway’s $2 trillion sovereign wealth fund says it is selling off its stakes in some Israeli companies, and is terminating all contracts with Israeli asset managers handling investments over the situation in Gaza and the West Bank.
“We are invested in companies that operate in a country at war, and conditions in the West Bank and Gaza have recently worsened. In response, we will further strengthen our due diligence,” the fund’s CEO Nicolai Tangen says in a statement.
Norges Bank Investment Management, the body managing the fund, says it is divesting itself of 11 Israeli companies, out of 61, which are not included in an equity benchmark index created by Norway’s Finance Ministry.
The fund says the 11 were excluded “due to unacceptable risk of contribution to serious norm violations associated with business operations in the West Bank.”
The statement notes that it has raised issues with 39 companies since 2020 over concerns related to the West Bank and Gaza, marking the majority of its due diligence related to conflicts around the globe.
Help us report truthfully on social media
As a multimedia journalist, my job is to take the quality, fact-based journalism produced by The Times of Israel newsroom and make it accessible across every platform — from Instagram posts to podcasts to short-form videos.
This is how many, especially young people, consume news these days. But misinformation is rampant on social media. Our team at ToI produces accurate, responsible short-form reporting on Israel and the Jewish world.
If you believe in the importance of factual social media journalism, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to sustain responsible multimedia reporting.
— Gabriella Jacobs, multimedia journalist
Support our work
Support our work
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this
From the Liveblog of
Monday, August 11, 2025
Add ToI as a Preferred Source on Google
