“The decision will be implemented as soon as possible over the coming weeks. I am advised Isif will keep under review the alignment of relevant investments within its investment parameters and commercial objectives.”
While the move was made independently, he added, it is the “correct investment decision”.
Ireland’s prime-minister elect Simon Harris has since condemned Israel’s actions in Gaza as, “appalling and grotesque”.
Calling for an immediate ceasefire, the Fine Gael leader said: “We're seeing children being maimed and killed, innocent children. It is disgusting, it is despicable and it must stop.”
Sinn Fein representative John Brady said Irish divestment from Israel needed to go further.
“Sinn Fein has pushed the government this far, but today’s announcement does not go anywhere near far enough and must only be the start,” he said.
Ireland's outgoing leader Leo Varadkar called in February for the European Union to review its trade agreement with Israel over the Gaza war, in a sign of the deteriorating relationship between the two countries.
