The Norwegian sovereign wealth fund sells stakes in 11 Israeli companies.

The manager of the Norwegian Sovereign Wealth Fund announced on Monday that the fund has sold its shares in 11 Israeli companies. They stated that this move is aimed at reducing their holdings in the country against the backdrop of a "serious humanitarian crisis" in Gaza. The management responsible for investing the profits from Norwegian oil and gas 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 stated that the fund decided last week to sell all its investments in 11 companies that were not included in the Norwegian Ministry of Finance's stock benchmark index, and these sales have been completed in recent days. 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 from Israel.