Coupon (Dividend/Interest Payment)
الكوبون
In the Egyptian market, “coupon” (كوبون) commonly refers to a scheduled cash payment to holders — a bond’s periodic interest or a stock’s cash dividend distribution. The coupon date is when eligibility is determined and the payment is made; a share typically trades “ex-coupon” (without the right to the upcoming payment) from a set date.
Example
On a bond, the coupon is the periodic interest paid on the face value. In Egyptian market usage the same word is commonly applied to a share's dividend distribution and its ex-date.
Why it matters
Knowing which sense is meant prevents real confusion: a bond coupon is contractual and scheduled, while a dividend is declared at the company's discretion and can be reduced or skipped.
A common mistake
Treating the two as equivalent obligations. A missed bond coupon is a default; a suspended dividend is a decision the company is entitled to make.