OSLO: Norway’s sovereign wealth fund said Monday that it was selling its investments in 11 Israeli companies following reports it had invested in an Israeli jet engine maker even as the war in Gaza raged. Nicolai Tangen, chief of Norges Bank Investment Management (NBIM), which manages the fund, said the decision was taken “in response to extraordinary circumstances.” “The situation in Gaza is a serious humanitarian crisis. We are invested in companies that operate in a country at war, and conditions in the West Bank and Gaza have recently worsened,” Tangen said in a statement.

After a review into the fund's links to the Israeli military, the arm of Norway's central bank said it's also divested from 11 of the country's firms.

The world’s largest fund has divested its stakes in 11 Israeli companies and is reviewing more.