Headlines
Norway wealth fund terminates Israel asset management contracts
Published by Global Banking & Finance Review®
Posted on August 11, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 11, 2025
1 min readLast updated: January 22, 2026
Norway's $2 trillion wealth fund ends Israeli asset management contracts due to concerns over Gaza and the West Bank, divesting stakes in 11 companies.
ARENDAL, Norway (Reuters) -Norway's $2 trillion sovereign wealth fund said on Monday it is terminating all contracts with asset managers handling its Israeli investments and has divested parts of its portfolio in the country over the situation in Gaza and the West Bank.
The announcement follows an urgent review launched last week following media reports that the fund had built a stake in an Israeli jet engine group that provides services to Israel's armed forces, including the maintenance of fighter jets.
The fund, an arm of Norway's central bank, which held stakes in 61 Israeli companies as of June 30, in recent days divested stakes in 11 of these, it said in a statement.
"We have now completely sold out of these positions," the fund said, adding that it continued to review Israeli companies for potential divestments.
Norway's parliament in June rejected a proposal for the fund to divest from all companies with activities in the occupied Palestinian territories.
(Reporting by Gwladys Fouché in Arendal, editing by Terje Solsvik)
A sovereign wealth fund is a state-owned investment fund or entity that is used to manage the national savings for the purposes of investment.
Asset management is the systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner.
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