Written answers
Monday, 8 September 2025
Department of Finance
State Bodies
Cian O'Callaghan (Dublin Bay North, Social Democrats)
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519. To ask the Minister for Finance if he will provide a list of all investments held by the Ireland Strategic Investment Fund in companies directly or indirectly associated with operations in the occupied Palestinian territories; and if he will make a statement on the matter. [45697/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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The National Treasury Management Agency (NTMA) has informed me that ISIF’s exposure to companies involved in specified activities in the occupied Palestinian territories as listed on the UN Office of the High Commissioner for Human Rights database (the “UN Database” June 2023) as reported in the NTMA Annual Report for year end 2024 are €7.76 million.
During 2024, ISIF divested from six companies, which are on the UN Database, due to the risk profile of the investments no longer being within its investment parameters. The six companies were Bank Hapoalim BM, Bank Leumi-le Israel BM, Israel Discount Bank Ltd, Mizrahi Tefahot Bank Ltd, First International Bank Ltd and Rami Levi Chain Stores Ltd.
As per the most recent published 2024 Annual Report, the following are the direct holdings held at year end 2024 totalling €5.6m with the balance of €2.16m being held indirectly in Alstom, Altice, Booking Holdings, Motorola Solutions and Expedia
Security Description | YE 2024 |
---|---|
Airbnb INC | 440,000 |
Alstom SA | 1,530,000 |
Booking Holdings | 1,140,000 |
Motorola Solutions | 2,490,000 |
Total Direct | 5,600,000 |
Total Indirect | 2,164,000 |
Total Holdings | 7,764,000 |
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