This is a 1 Franc token from the Suez Canal Cooperative Society in Egypt. It was issued in 1892 and is made of aluminum.
The canal was completed decades before 1892. These pieces must have been used by co-op workers at the operating canal.
There are two other token sets that circulated during the 10-year construction of the canal (1859 to 1869). Those tokens are dated 1865. One set is from “Ch. & A. Bazin” and the other from “Borel Lavalley and Co.”