Oireachtas Joint and Select Committees
Tuesday, 22 July 2025
Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach
Engagement with the NTMA on Matters Relating to its Operation
2:00 am
Mr. Frank O'Connor:
The Israeli investment occurred on 1 August. It was assessed by the team per. Mr. Ashmore mentioned the review, which took place on de-escalation in June. That was recommended per the Government's process to the investment committee. We had an investment committee of ISIF on 30 June. It had to go through the ISIF team, I think on 25 June. The date of 30 June was already in the diary. There were a number of investment proposals and the recommendation to divest went to that committee. We had a board agency meeting on 8 July, which was set probably a year in advance and that was one item that was brought to them for recommendation. The board approved the divestment decision and the divestment took place on 10 July.
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