This figurine is of the Holy Family and their flight into Egypt, as told in the Gospel of Matthew. It has smooth, faceless features and was carved in Bethlehem from Holy Land olive wood.
Matthew 2:13 "When they had gone, an angel of the Lord appeared to Joseph in a dream. "Get up," he said, "take the child and his mother and escape to Egypt. Stay there until I tell you, for Herod is going to search for the child to kill him.""