A new ursene-type triterpene, (3β)-30-norurs-11-en-3-ol (1), was isolated from the MeOH extract of the roots of Alhagi camelorum. Its structure was elucidated on the basis of extensive spectroscopic investigations by 1D- and 2D-NMR studies. In addition, 1 was evaluated for antifungal activities. Its application on prepared cultures of two fungi, i.e., Aspergillus niger and Saccharomyces cerevisiae, showed noticeable antifungal activity, suggesting that 1 could be used as a new promising agent in antifungal drug formulations.