Official announcements from Norway's sovereign wealth fund or credible financial news outlets

World's Largest Wealth Fund Divests from Israel's Largest Telecom Bezeq Over Settlement Services

Dec 4, 2024, 08:46 AM

Norway's sovereign wealth fund, commonly known as the Norway Oil Fund and the world's largest, has divested its holdings in Israel's Bezeq, the country's largest telecommunications company. The decision was made because Bezeq provides telecom services to Israeli settlements in the occupied West Bank, which violates the fund's ethical guidelines. The fund announced on Tuesday that it has sold all of its shares in Bezeq due to these concerns.