On 16 February 2023: Alfaisal University signed a collaboration agreement with PepsiCo, an American multinational food, snack, and beverage corporation.

Both Parties agreed to collaborate in Coop and international opportunities, PEP talks and workshops, full-time and part-time opportunities for students in their senior year, and career fair partnership.

This agreement was signed by HRH Princess Dr. Maha bint Mishari bin Abdulaziz Al Saud, Vice President of External Relations and Advancement at Alfaisal University, and Ms. Rima Al Soraihi, the Senior Human Resources Director at PepsiCo.