The Norwegian authorities has expressed its unease concerning the fund’s funding in Beit Shemesh Engines, which a neighborhood media outlet claims is related to the struggle in Gaza.
The Norwegian authorities has mentioned that it has instructed its sovereign wealth fund to evaluate all its investments in Israeli firms. Specifically, the wealth fund’s portfolio firm Beit Shemesh Engines (TASE: BSEL) has been singled out, and which the Norwegian media says is “related to the struggle in Gaza.”
Norwegian Minister of International Affairs Espen Barth Eide, who oversees the $1.9 trillion sovereign wealth fund, advised journalists in Oslo that she understands why individuals are asking questions concerning the fund’s adherence to its moral tips, which embrace not investing in firms that contribute to severe human rights violations.
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Norwegian Prime Minister Jonas Gahr Stoere advised a neighborhood radio station that he “may be very uneasy” about experiences in Norwegian newspaper “Aftenposten’ concerning the holdings in Beit Shemesh Engines, which the newspaper mentioned helps the fighter plane utilized in aerial assaults on Gaza.
“Globes” discovered that on the finish of 2024, the Norwegian sovereign wealth fund held a 2.09% stake in Beit Shemesh Engines, price $15.2 million. In Might, the Norwegian sovereign wealth fund introduced that it had offered its stake in Paz Oil Firm Ltd. (TASE:PZOL) as a result of it was working in “the occupied territories.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on August 6, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
Norway wealth fund CEO Nicolai Tangen credit score: Reuters
