Investments in Israeli Companies

A. Hassanali made this Freedom of Information request to King's College, Cambridge Automatic anti-spam measures are in place for this older request. Please let us know if a further response is expected or if you are having trouble responding.

The request was partially successful.

Dear King's College, Cambridge,

Please supply the amounts of any investments the college has in any of the companies below (if any), including through index funds. It would also be helpful to know for how long the college has been invested in any of these companies and what supported the college's decision for investments.

BAE Systems
Valero energy
Albemarle Corp
Check point software tech
Cisco systems
Exxon Mobil Corp
General Dynamic
Lockheed Martin
Northrop Grumman
Rockwell Automation
Bank Hapoalim BM
Bank Leumi Le-Israel
Elbit Systems
Israel Discount Bank
Nice Ltd
Smiths Group
Rolls Royce
L3 Technologies
General Electric
Airbnb Inc
Hewlett Packard (HP)
Azrieli Group Ltd
Colt’s Manufacturing Company
Emtan Karmiel
Israel Aerospace Industries (IAI)
MDT Armour

Yours faithfully,

A. Hassanali

Archivist, King's College, Cambridge

2 Attachments

Dear A. Hassanali,

This is in reply to your enquiry received by the College on 19 December and made under the Freedom of Information Act 2000 (FOIA). I can confirm that the College does hold information related to your request. Some of the information is exempt.

The College has no direct investment in any of those companies. Attached is a table of the amount of exposure (as a percentage of the College's total investments) that the College has through its equity portfolio, in the companies you listed, as of 30 June 2023. To be perfectly clear, for example: the College has one tenth of one percent of its total investments, exposed to BAE systems.

The information about your other two questions - how long the college has been exposed to any of these companies and what supported the college's decision for such exposure - is exempt under FOIA section 12 where the cost of compliance would exceed the appropriate limit. To answer the first requires checking all the investment reports for all of those companies since the College has had (non-real estate) investments (to ensure that there wasn't merely a year's disinvestment), as well as knowing if they were daughter companies of companies we might have invested in hundreds of years ago. Because the College has invested in things besides real property for several hundred years, and the strategy builds upon itself, tracing the College's investment policy would, again, involve reading through hundreds of years of committee minutes and correspondence to extract implicit or explicit information about what shapes its current decisions.

If you have further questions please ask me in the first instance. I attach a leaflet outlining the College's FOI Act policies and procedures. If, after following those procedures you are still not satisfied with the way in which your request has been dealt with you may apply directly to the Information Commissioner for a decision. Generally, the Commissioner will not entertain your complaint unless you have exhausted any relevant internal review procedures.

Patricia McGuire (Dr)
King's College
Cambridge CB2 1ST

Tel: 01223 331444

The King's College Privacy Policy can be read at

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