Norway's sovereign wealth fund sells stakes in 11 Israeli companies.

The manager of Norway's sovereign wealth fund announced on Monday that the fund has sold its holdings in 11 Israeli companies. They stated that this move is aimed at reducing their investments in the country amidst the "serious humanitarian crisis" in Gaza. The management team responsible for investing Norway's oil and gas profits stated in a statement that as of the end of the first half of this year, they had investments in 61 Israeli companies. The statement mentioned that last week, the fund decided to sell all of its investments in 11 companies that were not included in Norway's Ministry of Finance stock benchmark index, and these sales have recently been completed. The fund did not specify the names of the companies involved. They also stated that they will transfer all investments in Israeli companies managed by external managers to internal management and terminate contracts with external managers in Israel.