Norway's sovereign wealth fund said it would terminate all contracts with asset management companies that handle its investments in Israel.
The $2 trillion fund added that it had divested some of its investments in Israel due to the situation in Gaza and the West Bank.
This announcement follows an urgent review initiated last week, after media reports that the fund had acquired a stake in an Israeli aircraft engine manufacturing group that provides services to the Israeli armed forces, including the maintenance of fighter jets.
The fund, which held stakes in 61 Israeli companies as of June 30, said it had divested its stakes in 11 of them in recent days. The fund is an arm of Norway's central bank.
"We have now sold these shares in full," the fund continued, adding that it continues to review Israeli companies for potential divestments.
For his part, Norwegian Finance Minister Jens Stoltenberg expected the fund to take additional measures following today's announcement regarding investments in Israel, adding that the fund should not invest in companies that contribute to the occupation of the West Bank and the war in Gaza.
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It's worth noting that Norway's sovereign wealth fund announced last May that it had sold all its shares in the Israeli company Paz, citing its use of fuel to settlements in the occupied West Bank.
Norway's wealth fund is valued at approximately $1.75 trillion and is the largest in the world.
Since October 7, 2023, Israel has been committing genocide in Gaza, including killing, starvation, destruction, and forced displacement, ignoring all international calls and orders from the International Court of Justice to halt it.
The genocide left 61,430 Palestinian martyrs and 153,213 wounded, most of them children and women. More than 9,000 people were missing, hundreds of thousands were displaced, and a famine killed 217 people, including 100 children.
In parallel with the war of extermination in the Gaza Strip, the Israeli occupation army and settlers in the West Bank, including occupied Jerusalem, killed at least 1,013 Palestinians, injured nearly 7,000 others, and arrested more than 18,500, according to Palestinian data.
