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Norway's wealth fund excludes 6 more Israeli companies linked to West Bank, Gaza

Norway's sovereign wealth fund, the largest in the world, has announced the exclusion of six additional Israeli companies linked to activities in the West Bank and Gaza, following an ethics review. This move comes shortly after the fund decided to divest from eleven other Israeli companies over similar concerns. The fund, which manages nearly two trillion dollars, has reduced its holdings in Israeli-listed companies, and further exclusions may follow as its ethics watchdog intensifies scrutiny.

The names of the newly excluded companies will be disclosed once divestments are complete, with speculation that major Israeli banks could be among them. The fund's actions have sparked debate in Norway ahead of upcoming elections, with some political parties advocating for a complete withdrawal from Israeli investments, a step the government has so far declined. The fund has also strengthened its internal processes to identify and act on ethical risks more rapidly, signaling possible future divestments.

Original article source: https://www.timesofisrael.com/norways-wealth-fund-excludes-6-more-israeli-companies-linked-to-west-bank-gaza/
Source Id: 2025-08-808567607

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