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.

The government of Norway said Monday it would divest its $2 trillion sovereign wealth fund from 11 Israeli companies, citing the “serious humanitarian crisis” in Gaza. The announcement came after the newspaper Aftenposten revealed the fund held shares of the firm Bet Shemesh Engines Limited,