Managers of Norway’s sovereign wealth fund say it has sold its shares in 11 Israeli companies, a move that they say reduces its holdings in the country against the backdrop of the “serious humanitarian crisis” in Gaza.

Norway’s $1.9 trillion sovereign wealth fund has divested from 11 Israeli companies and is terminating all contracts with external managers in Israel following public outcry over its investments linked to the war in Gaza.

Norway's $2 trillion sovereign wealth fund achieved a significant milestone, recording a 698 billion Norwegian crowns profit in the first half of the year, driven by financial stocks. The fund also announced ending its Israeli investments due to regional tensions.