The Norwegian sovereign wealth fund, the largest in the world, said on Monday that it has decided to exclude six Israeli companies from its investment portfolio. The fund added that it has divested from some of its investments in Israel because of the situation in Gaza and the West Bank, according to Reuters. The ethics watchdog of the sovereign wealth fund said, “We will assess Israeli companies every three months.” According to Norway’s Finance Ministry, the sovereign wealth fund will announce the names of the companies when the divestment is completed, noting that the fund will not name the companies and that the sale of shares is ongoing.

Trond Grande, the fund’s deputy chief executive, had predicted on 12 August 2025 that the fund would divest from more Israeli companies as part of its ongoing review of investments there against the backdrop of the situation in Gaza and the West Bank, he said at a press conference. This came a day after the world’s largest sovereign fund announced it would terminate all contracts with asset managers handling its investments in Israel. “All investments in Israeli companies that were managed by external managers will be brought in-house and managed internally,” it said. The fund, which held stakes in 61 Israeli companies as of 30 June, said it had liquidated stakes in 11 of those companies in recent days without naming them.